De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
Houston, United States
Retail
Men's Wearhouse Owner Files for Bankruptcy
Tailored Brands announced it has entered into a restructuring agreement with more than 75 percent of its senior lenders, which could reduce the company's debt by at least $630 million.
Men's Wearhouse Owner Files for Bankruptcy
Tailored Brands announced it has entered into a restructuring agreement with more than 75 percent of its senior lenders, which could reduce the company's debt by at least $630 million.
News & Analysis
Charming Charlie, Back in Bankruptcy, to Close All Stores
The retailer has filed for chapter 11 bankruptcy protection, marking the second time within two years.
Charming Charlie, Back in Bankruptcy, to Close All Stores
The retailer has filed for chapter 11 bankruptcy protection, marking the second time within two years.
Beauty
Drunk Elephant's Tiffany Masterson Open to a Buyer But Says No Deal Imminent
The beauty start-up has already hired bankers to represent it in a potential sale, but isn’t close to finalising any deals, according to the beauty start-up's founder.
Drunk Elephant's Tiffany Masterson Open to a Buyer But Says No Deal Imminent
The beauty start-up has already hired bankers to represent it in a potential sale, but isn’t close to finalising any deals, according to the beauty start-up's founder.
Beauty
Drunk Elephant Founder Says There Are No Shortcuts in Life
Amid reports that the skincare start-up is exploring a sale, founder Tiffany Masterson shares the best decision and biggest mistake of her entrepreneurship journey.
Drunk Elephant Founder Says There Are No Shortcuts in Life
Amid reports that the skincare start-up is exploring a sale, founder Tiffany Masterson shares the best decision and biggest mistake of her entrepreneurship journey.
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Financial Markets
Men's Wearhouse Misses Street 1Q Forecasts
Men's Wearhouse has reported fiscal first-quarter profit of $1.6 million.
Men's Wearhouse Misses Street 1Q Forecasts
Men's Wearhouse has reported fiscal first-quarter profit of $1.6 million.
Financial Markets
Men’s Wearhouse Owner to Close Hundreds of Stores as Sales Slide
Tailored Brands Inc. plans to shutter about 250 locations, including all its outlet stores, as the owner of Men’s Wearhouse and Jos. A. Bank copes with sluggish sales.
Men’s Wearhouse Owner to Close Hundreds of Stores as Sales Slide
Tailored Brands Inc. plans to shutter about 250 locations, including all its outlet stores, as the owner of Men’s Wearhouse and Jos. A. Bank copes with sluggish sales.
News & Analysis
Nike Said to Face Bidding War for NCAA’s Richest Program
Nike Inc. won’t renew its apparel contract with the University of Texas before the company’s exclusive negotiating window expires on Oct. 1.
Nike Said to Face Bidding War for NCAA’s Richest Program
Nike Inc. won’t renew its apparel contract with the University of Texas before the company’s exclusive negotiating window expires on Oct. 1.
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The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.